Claro Advisors LLC Takes $363,000 Position in Howmet Aerospace Inc. (NYSE:HWM)

Claro Advisors LLC acquired a new stake in shares of Howmet Aerospace Inc. (NYSE:HWM) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 3,617 shares of the company’s stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Senator Investment Group LP grew its position in shares of Howmet Aerospace by 24.8% during the 2nd quarter. Senator Investment Group LP now owns 156,000 shares of the company’s stock valued at $12,110,000 after purchasing an additional 31,000 shares in the last quarter. Terra Nova Asset Management LLC bought a new stake in Howmet Aerospace during the third quarter valued at $1,264,000. Wealthspire Advisors LLC purchased a new position in Howmet Aerospace during the second quarter worth about $209,000. Livforsakringsbolaget Skandia Omsesidigt increased its stake in Howmet Aerospace by 1,258.3% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,051 shares of the company’s stock worth $206,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Blair William & Co. IL increased its stake in Howmet Aerospace by 51.6% in the 1st quarter. Blair William & Co. IL now owns 25,488 shares of the company’s stock worth $1,744,000 after acquiring an additional 8,676 shares during the last quarter. Institutional investors own 90.46% of the company’s stock.

Howmet Aerospace Trading Up 1.0 %

NYSE HWM opened at $113.17 on Tuesday. The firm has a market cap of $45.98 billion, a PE ratio of 43.19, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. Howmet Aerospace Inc. has a 1-year low of $51.22 and a 1-year high of $116.74. The stock has a 50-day moving average of $102.76 and a 200-day moving average of $91.54. The company has a current ratio of 2.24, a quick ratio of 0.98 and a debt-to-equity ratio of 0.76.

Howmet Aerospace Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 25th. Shareholders of record on Friday, November 8th will be given a $0.08 dividend. The ex-dividend date is Friday, November 8th. This represents a $0.32 annualized dividend and a yield of 0.28%. Howmet Aerospace’s payout ratio is currently 12.21%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HWM shares. UBS Group lifted their price target on Howmet Aerospace from $103.00 to $120.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of Howmet Aerospace from $105.00 to $135.00 and gave the company an “outperform” rating in a research report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Howmet Aerospace from $106.00 to $125.00 and gave the stock a “buy” rating in a research note on Thursday, October 3rd. BTIG Research raised their price objective on shares of Howmet Aerospace from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, August 5th. Finally, KeyCorp lowered shares of Howmet Aerospace from an “overweight” rating to a “sector weight” rating in a research report on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $115.41.

Insider Activity

In related news, EVP Neil Edward Marchuk sold 70,637 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $96.94, for a total transaction of $6,847,550.78. Following the transaction, the executive vice president now owns 92,687 shares in the company, valued at $8,985,077.78. The trade was a 43.25 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Ken Giacobbe sold 154,909 shares of the stock in a transaction that occurred on Thursday, August 22nd. The stock was sold at an average price of $96.58, for a total value of $14,961,111.22. Following the completion of the sale, the chief financial officer now owns 155,135 shares of the company’s stock, valued at approximately $14,982,938.30. This trade represents a 49.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.12% of the company’s stock.

About Howmet Aerospace

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.